Forensic Analysis · Textiles & Apparel Manufacturing · as of Nov 10, 2026
Oxford Industries Inc (OXM)
A forensic read on Oxford Industries Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
C · Mixed — selective
Forensic grade
Grey Zone
Financial health
1.4
Distress distance
Clean
Earnings quality
3
Forensic signals
-4.9%
ROE
-2.6%
Revenue growth
This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.
Oxford Industries Inc earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 1.4, placing it in the Grey zone. 3 forensic signals were flagged in its latest SEC filings, led by return on invested capital.
What the filings flag
-2.4%
FY2026
Return on invested capital.Return on invested capital is -2.4% in the latest fiscal year, against 7.7% in FY2024, having run between -2.4% and 10.1% across FY2024–FY2026 with no direction held. After-tax operating profit was $66M in FY2024 and ($25M) in FY2026, with operating income at 5.2% of revenue in FY2024, 7.8% in FY2025 and -2.1% in FY2026. The capital base behind it grew +22% across FY2024–FY2026, from $850M to $1.0B, while the return fell 10.1 points, so the dollars added over that window earned less than the 7.7% the older base was already earning. FY2024's operating profit carried a $99M goodwill write-off and a $12M asset write-down that took about 10.6 points off that year's return, and FY2026's carried a $59M asset write-down and a $2M goodwill write-off that took about 4.7 points off the latest; so, net of each other, the two charges add about 5.9 points to the -10.1-point change across FY2024–FY2026. A non-cash write-down lowers the reported return in the year it lands.
$101M
FY2024–FY2026
Goodwill impairments.Took $101M of goodwill writedowns across 2 years (FY2024 ($99M), FY2026 ($2M)) — about 80% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.
861% of FCF
FY2026
Shareholder returns.Returned $97M to shareholders (buybacks + dividends) in FY2026 — 861% of free cash flow, but 81% of operating cash flow. Returns run ahead of free cash flow, with the gap funded by debt or cash reserves rather than the cash the business itself throws off; the payout itself is still covered by operating cash. Counting the $16M of stock-based comp paid out in shares on top of that, the combined claim on free cash flow is 1000%.
Key fundamentals
Latest Revenue$1.48B
Revenue Growth YoY-2.6%
Revenue CAGR (2yr)-3.0%
Net Margin-1.9%
Free Cash Flow$11.3M
Return on Equity-4.9%
Debt / Equity0.23x
The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Oxford Industries Inc's actual 10-K/10-Q/8-K filings?